N S a Foundation Inc.

“The sole member of the foundation is the national speakers association (nsa).”

“All trustess are elected by the sole member of the foundation, the nsa.”

“The sole member (nsa) has the right and authority to approve the following corporation actions: a. Amendments to the articles of incorporation or the bylaws; b. Incurrence of indebtedness by the foundation (other than trade debt incurred in the ordinary course of the foundation's operations); c. Adoption of a plan of merger or consolidation; d. Sale, lease, exchange, mortgage, pledge or other disposition of all, or substantially all, the assets of the corporation; and e. Dissolution of the corporation.”

“The treasurer of the organization distributes a pdf copy of the 990 return to all board members for review and comment prior to being filed. At the first meeting of the board following the filing of the 990 with the irs, the complete form 990 is presented to the board by the organization's lead officers with responsibility over the form 990's review; thereafter, questions are taken and the form, its preparation, and its public relation impact are discussed.”

“At each board and committee meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from this discussion if there could be a perceived conflict. Annually, the organization reviews and discusses the conflict of interest policy and requests that each board member list and acknowledge any known conflicts.”

“The organization does not currently have any paid officers or key employees.”

“The organization will provide in a timely manner, copies of all governing documents including its conflict of interest policies and financial statements when requested in writing or in person.”

“The prior period adjustment relates to expenses to the related affiliate for management fees that was not reported in the prior year.”